Dynatrace, Inc. (NYSE:DT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dynatrace, Inc. (NYSE:DTGet Free Report) have received an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $61.92.

DT has been the subject of a number of recent research reports. Loop Capital increased their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Friday, November 8th. Royal Bank of Canada upped their target price on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. UBS Group started coverage on Dynatrace in a report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price target on the stock. Finally, Wedbush started coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target on the stock.

Check Out Our Latest Analysis on Dynatrace

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

Large investors have recently added to or reduced their stakes in the stock. Riverview Trust Co grew its stake in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Dynatrace in the 3rd quarter valued at approximately $38,000. Nisa Investment Advisors LLC raised its position in shares of Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Dynatrace in the third quarter worth $52,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Up 0.5 %

Dynatrace stock opened at $51.31 on Tuesday. The company has a fifty day simple moving average of $54.27 and a 200-day simple moving average of $51.32. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 93.29, a PEG ratio of 7.39 and a beta of 1.02. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.41.

About Dynatrace

(Get Free Report

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.

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Analyst Recommendations for Dynatrace (NYSE:DT)

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